Rent-A-Center (RAC), the #1 rent-to-own chain nationwide, owns and operates some 2,100 company-owned stores throughout the US, Mexico, and Puerto Rico under the Rent-A-Center, Get It Now, and Home Choice names. It also franchises more than 370 stores through subsidiary Rent-A-Center Franchising International, under Rent-A-Center, ColorTyme, and RimTyme names. The stores rent name-brand home electronics, furniture, accessories, tablets, smartphones appliances, and computers. While customers have the option to eventually own their rented items, only about 35% ever do. The company's Accept Now will be now reported as Preferred Lease segment and Core U.S. will be reported now as Rent-A-Center Business segment. In 2019 RAC terminated its merger agreement with Vintage Capital Management.
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Essential information for a successful call
EMPLOYEES (This Site)
EMPLOYEES (All Sites)
- ASSETS (MIL USD) 1,751
REVENUE (MIL USD)
- TICKER SYMBOL RCII
- Year Started 1986
- Incorporated 2002
- FISCAL YEAR END DEC
- SALES GROWTH % 5.41%
- NET INCOME GROWTH 19.91%
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Mitchell E FadelChief Executive Officer
JEFFREY J BROWNChairman of the Board
MAUREEN B SHORTExecutive Vice President and Chief Financial Officer
ANN L DAVIDSExecutive Vice President and Officer